Proxy vote

Vote cast by one person or entity on behalf of another.

Proxy Vote

At the annual meeting of a publicly-traded company, a vote that a shareholder allows to be cast by another on his/her/its behalf. Proxy votes are relatively common, especially when a shareholder cannot personally attend the annual meeting. Generally, but far from always, a shareholder allows the company's management to have his/her/its proxy vote. This gives the management greater control of the company. See also: Beneficial ownership.

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